The board of directors of Changmao Biochemical Engineering Company Limited announced that Mr. Rui Xin Sheng, the chairman of the Board and an executive Director, has resigned as the chairman of the remuneration and appraisal committee of the Company effective from 28 March 2023 due to personal reasons. He will remain as a member of the Remuneration Committee. The Board further announces that Mr. Shu Rong Xin, an independent non-executive Director, has been appointed by the Board as the chairman of the Remuneration Committee effective from 28 March 2023.
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